Joint study on India-Bangladesh trade pact to be finalised soon: Commerce Ministry

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India and Bangladesh will soon finalise a joint study on the prospects of entering into a bilateral , which aims at further strengthening economic ties between the countries, the commerce ministry said.

Both sides held extensive discussions on a variety of issues including the development of RAILWAY Infrastructure, port infrastructure, joint study on Comprehensive Economic PARTNERSHIP Agreement (CEPA), Border Haats, regional connectivity through multi-modal transportation, harmonisation of standards, mutual recognition agreement.

CEPA is a kind of comprehensive free trade pact under which two trading partners

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significantly reduce or eliminate customs duties on the maximum number of goods traded between them. They also liberalise norms to facilitate Services“>Trade in Services and boost investments.

Major exports from India to Bangladesh include Cotton, Cereals, fuel, vehicle parts and machinery and mechanical appliances.